Xetra-Gold exceeds 100 ton mark in gold holdings
By GCRU Gold News on Thursday, September 15 2016, 00:01 - Permalink
The gold held in custody by Deutsche Börse Commodities GmbH for the purpose of physically backing the Xetra-Gold bond has risen to a new record high of 100.97 tons, an increase of approximately 70 per cent since the beginning of the year. For each Xetra-Gold bond, exactly one gram of gold is deposited in the central vaults for German securities in Frankfurt.
The recent rise is due especially to demand by institutional investors.